Is 28112, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, 28112 has remained a Seller's Market.
Key Takeaway
28112 is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in 28112, NC
How much do homes in 28112, NC cost?
Median Sold Price
$355,000
$194/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in 28112 have sold for 3.5% more than they did a year ago.
Summary: The median home sold price in 28112 was $355,000 in March 2024, up 3.5% from last year, and the median price per square foot was $194.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $100K | N/A |
| 2 Bedrooms | $240K | $230K | -4.2% |
| 3 Bedrooms | $330.8K | $350K | +5.8% |
| 4 Bedrooms | $399.9K | $389.9K | -2.5% |
| 5+ Bedrooms | $476.5K | $500K | +4.9% |
Summary: 28112 housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 5.8%, 4 bedroom homes decreased by 2.5%, and 5+ bedroom homes increased by 4.9%.
Housing Supply in 28112, NC
How many homes are available in 28112, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 85 | 94 | +10.6% |
Summary: The 28112 real estate market had 94 homes for sale in March 2024, a 10.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 9 | -10.0% |
| 3 Bedrooms | 51 | 53 | +3.9% |
| 4 Bedrooms | 21 | 28 | +33.3% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The 28112 housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 3.9%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 19 | 27 | +42.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in 28112, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in 28112 in March 2024, up by 42.1% month-over-month. Of the 27 sold homes, 30% were sold under asking, 44% were sold at asking, and 26% were sold over asking.
Days on Market for 28112, NC
How long does it take to sell a home in 28112, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 26 Days | -41.5% |
Summary: Homes in 28112 had an average of 26 days on market in Mar 2024, down by 41.5% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in 28112 are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in 28112; 67% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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